IPPB has revised the Savings Bank interest rate to 2.25%p.a. (up to Rs. 1 lakh balance) & 2.50% p.a. (on incremental balances above Rs. 1 lakh & upto Rs. 2 lakh) effective from 1st February 2022. Bank has introduced charges on Cash Withdrawal & Cash Deposit transactions w.e.f. 01-01-2022.
This is to inform all the concerned that India Post Payments Bank has revised its interest rate on all the customer variants of Savings Accounts as per the Asset Lability Committee approved policy effective from 1st February 2022, as per below table
[Savings Bank Deposit slabs] [Current interest Rate] [Revised Interest Rate)
[Balances up to 1 Lakh | 2.50% pa, 2.25% pa,
[Incremental Balances
above 1 Lakh & up to 2 Lakh] 2.75% pa 2.50% pa
Interest will be paid to customer quarterly (Computed on the daily EOD balance).
